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20121101
20121130
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KPIX (CBS) 1
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CBS
Nov 14, 2012 6:00pm PST
analysts office, california now faces a much smaller deficit of $1.9 billion for the next fiscal year which ends in july. we could even see surpluses by 2014 a big change from the deficit projected this year. it counts increased revenues by prop 30 approved by voters last week. >>> jerry brown risked his political future pushing for prop 30 but has been scrambling this week trying to avoid voter backlash. cbs 5 political reporter grace lee on how he has gone all out to prevent ill-timed tuition hikes. >> reporter: the governor was front and center in the days leading up to the election. he had his hand out saying we need billions of dollars for schools and for our universities saying we need that or else. so with voters consenting to increased taxes just last week those tuition hikes could really have been a political embarrassment for the governor. >> we have some breathing room. proposition 30 gives significant revenue over 7 years. >> reporter: and that means no tuition increases for uc students at least for now. it's a small victory for the governor after the csu board made a similar mo
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